People walk along Wall Street in the financial district of Manhattan on September 29, 2021 in New York City. Spencer Platt | Getty Images The average bonus paid to securities industry employees in New...
Tag: Banks
China’s Tencent exploring a financial holding company for WeChat Pay
An image of WeChat Pay in action. Zhang Peng | LightRocket | Getty Images Chinese tech giant Tencent is exploring whether regulators will require it to create a financial holding company to house is f...
Watch UK Finance Minister Rishi Sunak’s budget announcement
[The stream is slated to start at 08:30 ET. Please refresh the page if you do not see a player above at that time.] U.K. Finance Minister Rishi Sunak is announcing a new government budget in his Sprin...
DBS CEO Sees Crypto as an Alternative to Gold — Says Central Banks Globally Should Regulate Cryptocurrencies – Regulation Bitcoin News
The CEO of Southeast Asia’s largest bank, DBS, says cryptocurrency “can be an alternative to gold.” He added that regulating crypto “out of the formal banking system is an unwise thing to do.” DBS’ CE...
Why Top International Banks Partnered to Use Ripple Network
An international banking alliance is using the Ripple blockchain network technology for cross-border payments efficiency. Banks from Canada and Israel signed an agreement with National Australia Bank ...
Goldman Sachs Executes Bank’s First OTC Crypto Transaction Trading a Bitcoin Non-Deliverable Option – Finance Bitcoin News
On Monday, the multinational investment bank and financial services company Goldman Sachs disclosed it has conducted an over-the-counter (OTC) crypto transaction with the digital currency firm Galaxy ...
Goldman announces OTC crypto trade with Galaxy Digital
A Goldman Sachs Group Inc. logo hangs on the floor of the New York Stock Exchange in New York, U.S., on Wednesday, May 19, 2010. Daniel Acker | Bloomberg | Getty Images Goldman Sachs is pushing furthe...
The Week Ahead – Russia, Central Banks, and Private Sector PMIs in Focus
On the Macro It’s a quieter week ahead on the economic calendar, with 43 stats due out through the week ending 25th March. In the week prior, 59 stats had been in focus. For the Dollar: On Thursday, c...
Governments Cause Inflation, Not Banks Making Loans
Christopher Wynne is a U.S.-born businessman based in Moscow. His company, PJ Western, owns and operates PapaJohn’s Pizza locations throughout Russia. His businesses employ over 9,000 people within th...
Why Is the Central Bank of Russia Urging Banks To Ban P2P Transactions Monitoring, Including Crypto Transactions?
According to the reports on Thursday, the Central Bank of Russia (CBR) has asked the commercial banks to tighten their supervision of users’ transactions so that “special economic measures to co...
Russian banks are so broke the biggest lender just got the go-ahead to issue digital assets like crypto
The impact of sanctions and the collapse of the Russian ruble after the invasion of Ukraine has some Russian banks turning to the crypto market for a boost. Like the biggest one. That is Sberbank, Rus...
Qatar exploring digital banks and central bank digital currencies
The Qatar Central Bank (QCB) is reportedly investigating the possibility of launching a digital currency and issuing digital bank licenses. According to the head of the fintech section at QCB, Alanoo...
St. Louis Fed’s Bullard says the central bank should raise rates above 3% this year
James Bullard David Orrell | CNBC St. Louis Fed President James Bullard said Friday he thinks the central bank should raise interest rates the equivalent of 12 times this year to convince the public i...
Inbound liquidity with Bitcoin banks’ fee structures
Bitcoin banks’ fee structures are here to increase inbound liquidity Bitcoin beach wallet is a unique wallet designed by Galoy research Submarine swaps were used to regain inbound liquidity in the n...
Open-Source Bitcoin Banks’ Fee Structures For Inbound Liquidity
In the Lightning Network, inbound liquidity is a precious resource. The Galoy Research team detected an irregularity, and, trying to fix it stumbled into a whole business model. Their elegant solution...
These banks stocks are a great pick amidst inflation and Ukraine war
The rising rate environment is broadly known to be good for the banks but not all banks were made equal, said KBW’s Tom Michaud, as he suggested that investors be selective when picking stocks. ...
Americans Want Crypto From Their Banks
U.S. President Joe Biden issued an executive order calling for regulators to work together to … [+] establish a clear and consistent framework for crypto regulation. (Photo by MANDEL NGAN / AFP)...
JPMorgan rolls back Covid precautions as U.S. cases drop
Jamie Dimon, Chairman and CEO of JPMorgan Chase, attends a meeting hosted by US President Joe Biden with business leaders about a Covid-19 relief bill in the Oval Office of the White House in Washingt...
Deutsche Bank to wind down Russia operations in major U-turn
Bloomberg | Bloomberg | Getty Images Deutsche Bank has said it will wind down its Russia operations — a major U-turn that sent shares higher Monday. In an announcement released late Friday, the German...
Banks’ Exposures To Russia Are Much More Transparent Than That Of Non-Banks
Hundreds of financial institutions are exposed to Russia, but we do not know by how much. NurPhoto via Getty Images Remember Long Term Capital Management and AIG? I sure do. LTCM imploded in 1998, in ...
BlackRock funds just lost $17 billion due to Russian exposure. That’s just the tip of the iceberg, as Western banks are owed $121 billion by Russian entities
BlackRock funds have taken a $17 billion loss as a result of its Russian exposure since Putin’s invasion of Ukraine began in late February—and it’s not the only Western bank or asset manager set to ta...
Nickel Tycoon Tells Banks He Wants to Keep Shorting
(Bloomberg) — The tycoon whose big short bet on nickel helped trigger one of the most dramatic price spikes in history has told his banks and brokers that he doesn’t intend to reduce his positio...
Is Bitcoin A Tool For Criminals? Drug Cartels Prefer Banks
A report from The International Narcotics Control Board (INCB) shows that bitcoin is not the preferred method for drug cartels and other criminal groups to launder money, they rather use banks. This o...
Justice Department Will Prosecute Banks, Crypto Exchanges That Help Russians Hide Assets: Report
The leader in news and information on cryptocurrency, digital assets and the future of money, CoinDesk is a media outlet that strives for the highest journalistic standards and abides by a strict set ...
Deutsche Bank reverses course on Russia, says it will unwind business there
A Deutsche Bank AG flag flies outside the company’s office on Wall Street in New York. Mark Kauzlarich | Bloomberg | Getty Images Deutsche Bank said Friday that it was winding down its operation...
Virginia Banks Are All Set to Provide Crypto Services
The line between banks and crypto is becoming a lot thinner thanks to republican politicians in Virginia. A new amendment will be signed into law by the state’s conservative governor Glenn Youngkin th...